Aramark · NYSE:ARMK
Aramark — Shareholder Meeting (January 2019)
15 slides from Aramark's shareholder meeting presentation, Jan 17, 2019
Slide 1: Aramark 2019 Annual Meeting
Aramark 2019 Annual Meeting January 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views as to future events and financial performance with respect to, without limitation, conditions in our industry,
Slide 3: A Global Leader in Food, Facilities & Uniforms
A Global Leader in Food, Facilities & Uniforms
Slide 4: Focused Strategy with Proven Track Record Since IPO
2 ACTIVATE PRODUCTIVITY through reinvestments in technology and capabilities focused within food, labor and SG&A Four key pillars of our strategy… 4 ACHIEVE PORTFOLIO OPTIMIZATION through strategic acquisitions to capitalize on synergies and strengthen our competitive position … Drive strong and con
Slide 5: Leadership Team and Compensation Drive Long-Term Growth
Leadership Team and Compensation Drive Long-Term Growth 1 TSR through September 28, 2018 2 Avendra closed on December 11, 2017; AmeriPride closed on January 19, 2018 3 FY14 CEO compensation includes certain IPO-related equity; TSR is as of IPO on December 12, 2013, and sourced from S&P Capital IQ In
Slide 6: Recent Actions Informed by Shareholder Feedback
Recent Actions Informed by Shareholder Feedback WHAT WE HEARD WHAT WE DID Compensation Questions and confusion around the TSR Outperformance Award Eliminated the TSR Outperformance Award for the CEO’s 2019 and go forward long-term incentive awards Dislike use of negative discretion in the Annual Inc
Slide 7: 87% Performance-Based Compensation Program Tied to Performance Outcomes
87% Performance-Based 87% Performance-Based Compensation Program Tied to Performance Outcomes Long Term Incentives 50% Performance-Based RSUs 3-year cliff vesting 30% Time Vesting Stock Options Vest ratably over 4 years 20% Time-Vesting RSUs Vest ratably over 4 years 71% Performance-Based RSUs (50%)
Slide 8: Compensation Committee Adheres to Best Practices
Compensation Committee Adheres to Best Practices What We Do What We Don’t Do Strong pay-for-performance alignment Balanced performance metrics within annual and long-term plans Rigorous goal setting aligned to business strategy Majority of director compensation paid in equity Independent compensatio
Slide 9: Highly Engaged and Qualified Director Nominees
CEO Leadership Corporate Finance / M&A Experience Financial Acumen & Expertise Industry Background International Experience Operations Management Expertise Public Company Board Service Senior Management Leadership Strategic Leadership Technology Background / Expertise Highly Engaged and Qualified Di
Slide 10: Strong Governance Practices and Balanced Board Leadership
Strong Governance Practices and Balanced Board Leadership Best Practices 90% 90% of Board is independent1 Strong lead independent director role Proxy access (3% /3 years /2 directors or 20% of Board / 20 aggregation limit) Robust director nominee selection process considers diversity of skills, back
Slide 11: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures The Company reports its financial results in accordance with GAAP. However, management believes that certain non-GAAP financial measures provide additional financial information that is meaningful and uses these measures to help evaluate operati
Slide 12: Explanatory Notes to the Non-GAAP Schedules
Explanatory Notes to the Non-GAAP Schedules Amortization of acquisition-related customer relationship intangible assets and depreciation of property and equipment resulting from the 2007 Leveraged Buy-out –adjustments to eliminate the change in amortization and depreciation resulting from the purcha
Slide 13: Reconciliation of Non-GAAP Measures: Adjusted Consolidated Operating Income Margin
Aramark and Subsidiaries: Reconciliation of Non-GAAP Measures Adjusted Consolidated Operating Income Margin (Unaudited) ($ in thousands)
Slide 14: Reconciliation of Non-GAAP Measures: Adjusted Net Income & Adjusted EPS
Aramark and Subsidiaries: Reconciliation of Non-GAAP Measures Adjusted Net Income & Adjusted EPS (Unaudited) (In thousands, except per share amounts)
Slide 15: Reconciliation of Non-GAAP Measures: Legacy Business Sales – Constant Currency
Aramark and Subsidiaries: Reconciliation of Non-GAAP Measures Legacy Business Sales – Constant Currency (Unaudited) ($ in thousands)